Treasury

Executive Council
The Treasurer is appointed by the Executive Council subject to the approval of the General Assembly and is eligible for reappointment. The primary duties of the Treasurer are :

  1. to establish a mechanism for the receipt of all monies payable to the Association and to cause such monies to be deposited in appropriate accounts of the Association;

  2. to cause to be drawn all drafts and cheques on the accounts of the Association for the payment of bills against the Association or the transfer of funds from the accounts of the Association provided

    1. all such drafts and cheques shall bear the signatures of at least two persons who have been designated by the Treasurer and approved by the Executive Council as persons authorised to withdraw or transfer such funds from the accounts of the Association except if a person who is authorised to withdraw funds is bonded, then, and in that case only, the signature of the bonded agent only shall be required, and

    2. the accounts of the Association shall be established in such a manner as to leave the Executive Council free to withdraw or transfer funds from the accounts of the Association should those who have signatory power become incapacitated or otherwise unqualified to perform; and

  3. to keep proper financial records which shall be audited as provided in Article XI of the IRPA constitution.

Last update: Wednesday, October 24, 2001